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Lesson Plan: Oil, OPEC and You - Grade Twelve - Grade 12
Summary:Students will examine the reasons for the existence of the Organization of the Petroleum Exporting Countries (OPEC). They will consider the impact of this particular multinational economic organization on the world economy
Ohio Standards Connection
Content Area:
Social Studies
Standard: Economics
Benchmark: C. Explain how voluntary worldwide trade, specialization and interdependence among countries affect standards of living and economic growth.
Indicator: 5. Identify reasons for and the impacts of multinational economic organizations:
1 - Organization of the Petroleum Exporting Countries (OPEC);
2 - European Monetary Union;
3 - North American Free Trade Agreement (NAFTA);
4 - World Trade Organization (WTO);
5 - World Bank.

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